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Business, 22.12.2020 03:00 jamaiciaw6

You are a citizen of the country of Tahpshef, which produces many domestic kitchen appliances. Recently, Tahpshef's government lifted many trade barriers, and the domestic kitchen appliance industry is now experiencing free trade as imports enter the market. This increase in competition from foreign companies can lead to what? a. consumers paying lower domestic prices for kitchen appliances.
b. improved technology and innovation in the kitchen appliance industry.
c. more variety in kitchen appliance products for domestic consumers.
d. the quality of kitchen appliances available to consumers declining dramatically.
e. less innovation because of higher costs from competition

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